Khitam

Update on Khitam

Khitam is a conservative woman, which is why she asked her husband to take her place in the photo.

Using the previous loan has helped her increase her productivity and profits. So far she has around 35 goats; she takes the milk and makes dairy products to sell. Now an Islamic holiday is coming up. In this holiday middle- and high- class people buy goats or cows and distribute most of the meat to the poor. For that Khitam is applying for this loan, to increase the number of goats to increase her profits during these holiday sales.

Previous Loan Details

Khitam, a 40-year-old hardworking woman, takes care of some of the working moms’ children for a few hours during the day. Khitam also has 14 sheep and she sells its’ fresh milk and sometimes makes butter, yogurt and cheese out of it. Now Khitam has applied for this loan to buy food for the sheep,...
More from Khitam's previous loan »

Additional Information

About National Microfinance Bank

Jordan is a small country located in the heart of the Middle East’s Levant region. Regional instability has caused Jordan to be excluded from global investments for decades. Additionally, a lack of natural resources—including water and energy—places tremendous strain on the Jordanian economy, over 80% of which consists of small businesses, largely in the service industry. Despite their importance in the economy, many of these businesses are excluded from the banking sector because of their size. Microfinance institutions like National Microfinance Bank offer them an opportunity to enhance and expand their businesses. NMB also offers its services to other underprivileged peoples in Jordan, providing them with loans to pursue educational goals and improve their homes and livelihoods.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.